Friday, October 14, 2011

TiVo Jumps On Key Ruling In AT&T Patent Case

After the stock market closed on October 13, a district court made a definitional ruling in TiVo’s case against AT&T. Tony Wible, an analyst for Janney Capital, said the ruling “heavily favors TiVo.” Other analysts agreed with that assessment.

“Seeing this, we believe AT&T will be incented to settle, as the risk of losing is too high,” said Barton Crockett, an analyst for Lazard Capital.

Wible noted that the same judge was presiding over TiVo’s case against Verizon. As such, TiVo would likely gain a similar ruling in that case.

However, the ruling had a relatively modest impact on TiVo shares. From the closing bell on October 13 to the closing bell on the next day, TiVo shares rose from $9.91 to $10.38.

My government “told” me that they have been suppressing the price of TiVo shares because they are not happy with me.

Boo hoo.

No comments: